October 01, 2020
One of the biggest problems when selling to RIAs (Registered Investment Adviser) is the sheer size of the channel. The RIA marketplace across the United States consists of over 36,000 firms, which means that while there are plenty to choose from when looking for new clients, shrinking the list down to only those that allocate to outside managers is key. For example, here at Dakota, where we’ve raised over $6 billion from over 350 RIAs, and we qualify and curate our list to only RIAs that allocate to outside managers (which are the firms we sell for).
In an effort to help narrow down the sheer size of the market, we’ve put together a list of the top 10 RIAs in each major metro area across the country. To determine our list, we looked for three things:
We have qualified 35 RIAs with AUMs ranging from $23B to $137M in Denver that meet our criteria. We actively call on these RIAs, and all 35 are in our “shared CRM database,” Dakota Marketplace. Below are the top 10 RIAs from that list. However, this is by no means a “best of” list, as there are so many high quality RIAs in Denver and around the country. We just wanted to give you a place to start.
1. Innovest Portfolio Solutions
AUM: $23,000,000,000
2. Strategic Capital Advisers Inc.
AUM: $4,700,000,000
3. AMG National Trust Bank
AUM: $4,700,000,000
4. Crestone Capital Advisors LLC
AUM: $2,500,000,000
5. IWP Wealth Management
AUM: $1,655,420,038
6. Michaud Capital Management
AUM: $1,500,000,000
7. IFAM Capital Advisors
AUM: $1,410,429,548
8. GHP Investment Advisors
AUM: $1,254,110,716
9. BSW Wealth Partners
AUM: $1,237,125,570
10. Schaefer Financial Management, Inc.
AUM: $605,369,439
Tim Dolan is a Vice President of Institutional Sales at Dakota.
